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Dec 26, 2012
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and the union's contract extension expires monday. the union represent more than 14,000 workers at more than a dozen ports from boston to houston. the key sticking point -- container royalties or payments to union workers based on the weight of cargo. >>> now back to the markets. before the break, we told you about the best performing emerging markets this year. but -- emerging markets this year. the third best performing market this year is estonia, up 36.51%. and at number two is pakistan with the karachi stock exchange 100, up 49% for 2012. and the best performing market so far this year is turkey's ise national 100 index. up 52.26% this year. now our next guest says a play in the emerging markets could be a good bet for a successful 2013. joining us now to highlight the key markets to watch around the globe is ron shaw, managing partner at gina ventures. how are you doing? >> good. good morning. >> very good morning to you. did santa bring you everything you were hoping for? >> that and then some. >> that and then some. good. let'
and the union's contract extension expires monday. the union represent more than 14,000 workers at more than a dozen ports from boston to houston. the key sticking point -- container royalties or payments to union workers based on the weight of cargo. >>> now back to the markets. before the break, we told you about the best performing emerging markets this year. but -- emerging markets this year. the third best performing market this year is estonia, up 36.51%. and at number two is...
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Dec 4, 2012
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investors say if we move toward a banking union, you can't have any kind of economic without a bank union. how much does that matter? >> for investors today, probably not a whole lot. he's broader long term questions about what the eurozone is going to look like, what is going to be the balance going to be, we have to have vote, treaties, and it's difficult -- >> doesn't matter in the short term 245 ththat they don't let w up? >> you think if you hold it for five years do you still get something back. >> there are a lot of analysts saying european equities will outperform u.s. equities. when you look at the rapid growth rates, is that just because they're undervalued? what is it? do you agree with it? if not, why not? >> sure. as a region, it's actually not undervalued. it's average right now. there was a discount. there has been times over the last year that's gone. europe has done reasonably well, u.s. is off, so now we're equal on valuation. but that doesn't mean that within sectors there is not very undervalued regions. italy for example is still very clean. so it depends. >> other ne
investors say if we move toward a banking union, you can't have any kind of economic without a bank union. how much does that matter? >> for investors today, probably not a whole lot. he's broader long term questions about what the eurozone is going to look like, what is going to be the balance going to be, we have to have vote, treaties, and it's difficult -- >> doesn't matter in the short term 245 ththat they don't let w up? >> you think if you hold it for five years do you...
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Dec 12, 2012
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union together with political union, everyone has to throw something in the pot. some countries are much more willing, some aren't. really it n terms of being, banking union being one of the key pillars of this potential overall project, we're some way away as we are from the fiscal and political union. >> that's clear. >> in the meantime, what people want is for the central bank to be as expansive and promising expansion in the meantime. of course, that then -- one of the only consequences of the policy around the world is the lack of market pressure on politicians to institute real sort of economic and financial reform. so it's going to be one step step back kind of thing.rd, sometimes the markets get worried. sometimes they don't. >> you're still giving them a half step at the end of the day. >> i think you have to realize, we've not been particularly bullish on the euro to see the least. but you have to realize that the amount of effort that these politicians are willing to put in, the amount of -- you know, with the populations on the streets or protesting --
union together with political union, everyone has to throw something in the pot. some countries are much more willing, some aren't. really it n terms of being, banking union being one of the key pillars of this potential overall project, we're some way away as we are from the fiscal and political union. >> that's clear. >> in the meantime, what people want is for the central bank to be as expansive and promising expansion in the meantime. of course, that then -- one of the only...
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Dec 13, 2012
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a union at last. the eu finance ministers hand the ecb the power to supervisor more than 150 banks following another late nightmare thon session in brussels. the euro bounces on the news, but stocks in europe trade lower as ben bernanke warns monetary policy may not be enough to offset the damage if the u.s. goes over the fiscal cliff. >>> and the u.s. takes another surprising step tying interest rates to the u.s. unemployment rate. >>> plus, investors chairing danone plan to save $2 million over the next two years as they try to offset a slump in southern europe. >>> straight ahead on the program, moody's says not to worry about political instability in italy. our next guest disagrees. should markets expect the repricing of risk next year? [s >>> welcome back to "worldwide exchange." we're checking on trade now. european markets for the most part dripping lower. ftse 100, cac 40 down less than .2%. xetra dax down more than 0.4%. double digit gains for the other major bourses, as well. we've seen gain
a union at last. the eu finance ministers hand the ecb the power to supervisor more than 150 banks following another late nightmare thon session in brussels. the euro bounces on the news, but stocks in europe trade lower as ben bernanke warns monetary policy may not be enough to offset the damage if the u.s. goes over the fiscal cliff. >>> and the u.s. takes another surprising step tying interest rates to the u.s. unemployment rate. >>> plus, investors chairing danone plan to...
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Dec 21, 2012
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and it consists of a spanish program, about anning union, fiscal union, political union, but the absence of the market pressure is causing all of those things to be delayed and watered down. that's really what's going on. we have solved nothing. we have kicked the can. that's worth a lot, actually. that's why the markets are stabilizing. so it's a better situation than it was, but it's not solved, right? nothing has been resolved yet. >> that pretty much sums up the year. i have a feeling we'll sum up 2013, as well. straight ahead, we are going to get third quarter gdp figures out from the uk. we'll bring you those figures as soon as we're back. don't go anywhere. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ber 22nd for christmas delivery. >>> welcome back to "worldwide exchange." a setback for negotiations between congress and the white house as house speaker john boehner's plan b fails with just ten days until the fiscal
and it consists of a spanish program, about anning union, fiscal union, political union, but the absence of the market pressure is causing all of those things to be delayed and watered down. that's really what's going on. we have solved nothing. we have kicked the can. that's worth a lot, actually. that's why the markets are stabilizing. so it's a better situation than it was, but it's not solved, right? nothing has been resolved yet. >> that pretty much sums up the year. i have a feeling...
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Dec 19, 2012
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union would have to run a surplus, given its poor demographics over the next couple of years. now let's get a quick preview of the news. for that we head to patricia, awaiting the results. what do we expect to see? >> reporter: we're expecting the second consecutive month to the upside for the business sentiment next year in germany. november was a surprise after six months to the downside. we expect december to book in a little increase again, but important is here, not only the expectation part of the index but also that we get a little more oomph as to say from the current conditions. and that is going to be the big part of the numbers. we are just starting to see it. business climate index in december is out, and it rises. here we have business climate index 102.4 in december versus an expectation of 102. slightly better unanimous expected. here the current conditions, 107.7. the consensus was 1.8. that is slightly lower than expectations when it comes with the current conditions. here the expectation side of the index is 97.9. reuters was pointing to 96.2, so better than
union would have to run a surplus, given its poor demographics over the next couple of years. now let's get a quick preview of the news. for that we head to patricia, awaiting the results. what do we expect to see? >> reporter: we're expecting the second consecutive month to the upside for the business sentiment next year in germany. november was a surprise after six months to the downside. we expect december to book in a little increase again, but important is here, not only the...
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Dec 14, 2012
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the cathay pacific's union say they could soon hold off to pags out food, booze. the union says smiling would give a false impression of how employees are treated. >>> still ahead on the program, president obama and house speaker john boehner and another round of fiscal talks with very little to show for it. but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. hipping at fedex office. >>> welcome to "worldwide exchange." i'm kelly evans. these are your headlines from around the world. president obama and house speaker john boehner meet head to head at the white house as they try to resolve budget talks and avoid the fiscal cliff. >>> shanghai gains are highest in more than three years. flash data suggests domestic demand is strong enough to improve growth. japan's business sentiment sours for the third quarter. this comes just days before an election that polls suggest will hand the ldp opposition a landslide win. >>> first, we have a couple of data points to bring
the cathay pacific's union say they could soon hold off to pags out food, booze. the union says smiling would give a false impression of how employees are treated. >>> still ahead on the program, president obama and house speaker john boehner and another round of fiscal talks with very little to show for it. but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. hipping at fedex office....
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Dec 27, 2012
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eu leaders recently agreed on a european banking union could would make the ecb the single supervisors for european banks. stephane pedrazzi caught up with the former president of the ecb, jean-claude trichet and asked if he was happy with the plan. i think as you'll remember, it was decided because after a certain moment, the idea that the fund could directly recapitalize the banks appears to be in a proper tool to have in the management crisis. there has been a reverse feedback loop. so, of course, if you decide to capitalize directly, you have to survey from the center and now at the national level. i think the decision which has been taken is good one. and, of course, this will be made at the level of the ecb, taking into account that the ecb is a federal institution and that it would be decentralized also. but it's very important that the decision, the ultimate decision is for all the systemic banks is taken centrally. of course, it's work in progress. you have to have a resolution mechanism that would be workable and convincing and there are other elements including perhaps when
eu leaders recently agreed on a european banking union could would make the ecb the single supervisors for european banks. stephane pedrazzi caught up with the former president of the ecb, jean-claude trichet and asked if he was happy with the plan. i think as you'll remember, it was decided because after a certain moment, the idea that the fund could directly recapitalize the banks appears to be in a proper tool to have in the management crisis. there has been a reverse feedback loop. so, of...
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Dec 28, 2012
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the biggest shipping point is over container royalties which are paid to union workers based on cargo weight. a strike could hurt u.s. exports, factories and affect retailers waiting for shipments of spring merchandise. >> noise of flights have been canceled in the u.s. northeast as a powerful winter storm has brought heavy snow and winds across the region. over a dozen people have reportedly been killed as a result of the storm. joining us now for more from the weather channel is reynolds wolf. he is a meteorologist. reynolds, what can you tell us about this storm? and just how much more people might need to brace for? >> well, i've got some very good news for you, some bad news. the good news that we have for su that storm system is dying out. that's the good news. so there's very little left, maybe some residual snow showers in parts of the northeast. the bad news, we see a secondary storm forming behind that one to produce widespread delays. we could expect delays in places like memphis, new orleans and nashville. in new york, not so much in terms of sky conditions that will troub
the biggest shipping point is over container royalties which are paid to union workers based on cargo weight. a strike could hurt u.s. exports, factories and affect retailers waiting for shipments of spring merchandise. >> noise of flights have been canceled in the u.s. northeast as a powerful winter storm has brought heavy snow and winds across the region. over a dozen people have reportedly been killed as a result of the storm. joining us now for more from the weather channel is...
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Dec 3, 2012
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rhetoric ahead of the banking union. says the euro should be traded within the block and not the city of london. and white house and congress may need to call the auto club to jump-start budget talks which has stalled on discussions over taxes. plus singapore airlines confirms it is in talks to sell its 49% stake in virgin atlantic. reports suggest delta amongst the front runners. equities up in the month of november. ahead of the u.s. open, up by a quarter percent for the ftse. quarter for the ibex, as well. by and large the pmi numbers have been slightly better than expected. the revision on the eurozone pmi aunt wasn't on the headline composite number, but new orders were a little bit better. still a long way away from the 6% mark. gilt yields steady. manufacturing pmi better than expected. euro-dollar hit a six week high. dollar kren moyen moving away f 7 1/2 peak. talking about the uk, george osbourne says there's no turning back on austerity just days ahead of his annual statement. he continues to resist opposition
rhetoric ahead of the banking union. says the euro should be traded within the block and not the city of london. and white house and congress may need to call the auto club to jump-start budget talks which has stalled on discussions over taxes. plus singapore airlines confirms it is in talks to sell its 49% stake in virgin atlantic. reports suggest delta amongst the front runners. equities up in the month of november. ahead of the u.s. open, up by a quarter percent for the ftse. quarter for the...
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Dec 20, 2012
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as we've seen in the banking union and the announcement that we've seen recently happening in march 14, we have a slowdown i would say in europe in terms of drastic measures until we have passed the german election. all this said, i think if the environment is as i described it, you know, with a lot of quantitative easing, we now have japan chipping in some more, the u.s. with the 85 billion a month that was announced more recently, i think that should help investors reconnect with fundamentals and hopefully go through those elections in a much more -- i would say mature or savvy way than when we were in the near death experience environment that we've been in for a long time now. >> okay. thanks. you get all these central banks doing this buying, it's somewhat circul circular. >>> in any case, today might be our last day on earth if mayan predictions are correct. tomorrow is the day of the apocalypse. there are plenty of end of the world parties. if you're skeptical, head to the french village of bugarah as it's the only place predicted to survive the siege. ironically, mayan descenda
as we've seen in the banking union and the announcement that we've seen recently happening in march 14, we have a slowdown i would say in europe in terms of drastic measures until we have passed the german election. all this said, i think if the environment is as i described it, you know, with a lot of quantitative easing, we now have japan chipping in some more, the u.s. with the 85 billion a month that was announced more recently, i think that should help investors reconnect with fundamentals...
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Dec 5, 2012
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shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> a recap of the headlines. the fiscal fight rages on in washington as republicans try to fend off an internal divide. shanghai stocks jump after china's government plengs to support pro-growth economic reforms. chancellor osborne preparing to deliver his autumn statement. thousands of egyptians are still camp
shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for...
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Dec 17, 2012
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the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day after his party's huge win and two days after the bank's next rate setting meeting. kaori enjoji has the latest for us. how much of a game changer is all this? >> this is a serious game changer. it's a comeback for the dlp and shinzo abe. he has made it clear that the economy and economic recovery is going to be one of the pillars and hallmarks of his second time in office and he's wasting no time in piling on pressure on to the bank of japan who holds, of course, their two-day policy board meeting later on this week. here is what he had to say. >> i have constantly stressed our desire to present a policy accord i
the south american union faces ejection from the imf for allegedly cooking its books about the innation rate. we'll head out to europe where the swiss banking giants could be facing $1.6 billion over libor rate rigging allegations. >> and we'll be on the floor in beijing where china's leaders just wrapped up a major conference. >>> and japan's prime minister election is calling on the bank of japan to heed the call of the masses. abe is beating the heat on the boj just one day...
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Dec 11, 2012
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. >>> and as many as 10,000 union workers for michigan and the u.s. are expected to protest at the state's capital building today over a proposed right to work bill. this would prohibit consumers to pay more. governor rick snyder says he'll sign it. michigan will become the 24th u.s. right to work staid state. >>> and cnbc is taking to washington today as we send becky quick, larry kudlow and jim cramim cramer to the white . they'll be leading off with a special mission critical rise above d.c. report. it's part tax. read, becky? >> like you said, we are occupying washington. this is where we've camped out all night. there's been all this talk about the fiscal cliff. we know it is fact approaching. we know it is something that would threaten not only the united states economy, but the economies around the globe. if we go over that cliff, there will be steep cuts and spending and steep tax increases that would automatically kick in. what we're doing here today is talking to our elected officials, talking to people who are involved in these talks, tryin
. >>> and as many as 10,000 union workers for michigan and the u.s. are expected to protest at the state's capital building today over a proposed right to work bill. this would prohibit consumers to pay more. governor rick snyder says he'll sign it. michigan will become the 24th u.s. right to work staid state. >>> and cnbc is taking to washington today as we send becky quick, larry kudlow and jim cramim cramer to the white . they'll be leading off with a special mission...
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Dec 18, 2012
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taking a look into surplus and deficit countries, basically looking at capital flows within the european union. out with a report summarizing the condition that we've been witnessing here which is that there is balancing happening in the german economy. it's not alone in this, by the way. also mentioned that broadly speaking because of demographic trends, the eurozone may need to run a modest surplus and we know the difficulty a lot of nations are having with that at the time being. we'll summarize more on that report and on the rest of the developments this afternoon. >>> moving on, president obama has made a new offer to house speaker john boehner as they try to reach a deal to meet the fiscal cliff. the two met on monday and are spec'd to talk again today. reports say the proposals would raise revenues and cut spending by $1.2 trillion over the next decade. the president is now reportedly seeking to extend the bush area tax cuts for everyone making below $400,000 for the year. he's agreed to use the changed consumer price index to calculate more social security benefits. and president obama
taking a look into surplus and deficit countries, basically looking at capital flows within the european union. out with a report summarizing the condition that we've been witnessing here which is that there is balancing happening in the german economy. it's not alone in this, by the way. also mentioned that broadly speaking because of demographic trends, the eurozone may need to run a modest surplus and we know the difficulty a lot of nations are having with that at the time being. we'll...